Department of Energy gives written approval to Oak Ridge National Laboratory
to assist in research and analysis of HyperLoop technology.

ALTAMONTE SPRINGS, Fla. (November 18, 2010) – Maytal Tech, in cooperation with Oak Ridge National Laboratory (ORNL) has applied for a SBIR grant offered by the Department of Energy (DOE). The grant funding would support research on innovative loop designs that reduce the costs of loop installations, through new design layouts, system components, materials, and/or methods. This would reduce one of the major costs for GHP technology — the high cost of drilling and loop installation. The DOE has repeatedly stated that the high up-front cost of GHP technology is the primary barrier to widespread adoption.

Remo Eyal, President of Maytal Tech said, “This research and collaboration with Oak Ridge National Laboratory will play an extremely important role necessary to proving the feasibility of the HyperLoop technology in ground applications.”

ORNL, under the direct supervision of Xiaobing Liu, Ph.D., LEED AP, CGD, will review the design of the HyperLoop ground heat exchanger and analyze the collected data to evaluate its performance. The analysis will also include characteristics of installation and maintenance, comprehensive installed costs, long-term reliability and consumer acceptance of Maytal Tech’s HyperLoop technology.

“The research information gained in this phase I project will provide critical information that will be utilized to design an optimized prototype (in a Phase II project) that will significantly reduce loop build and installation time, resulting in a substantial cost reduction of the loop portion of ground source heat pumps,” said Harry Gordon, project manager.

About Maytal Tech:

Maytal Tech, LLC was founded in 2008 as a dedicated platform for introducing the revolutionary HyperLoop technology to the geothermal industry. High Yield Poly Exchange Ready Loop (HyperLoop) is a prefabricated heat exchanger made from High Density Polyethylene (HDPE). For more information please visit our website at www.tevaenergy.com/geothermal or contact Harry Gordon at 407-831-2223.